634 Glen Huntly RoadCaulfield South VIC 3162
Property Details for 634 Glen Huntly Rd, Caulfield South
Last Listing description (March 2024)
OCCUPY / INVEST / DEVELOP (STCA)
RWC Oakleigh proudly introduces an exceptional opportunity at 634 Glen Huntly Road, Caulfield South, the property will be offered for sale by way of Private Sale.
Available for the first time in nearly three decades, stands as a coveted asset in Caulfield South's Retail Precinct, appealing to both owner-occupiers and investors. Its prime location amidst the heart of Caulfield South offers a rare chance for astute investors, developers, or owner-occupiers. What sets this opportunity apart is the property's unique advantage of front and rear access, amplifying its potential for future development. Caulfield is witnessing significant transformations with ongoing developments, infusing new vitality into the area.
This remarkable opportunity encompasses a dual space: a retail/office area fronting Glenhuntly Road and a tenanted two-bedroom residence at the rear, both currently on a month-to-month tenancy. The shop itself spans 35m2* and is primed for immediate occupation or leasing. Meanwhile, the two-bedroom residence has been tenanted since November 2017, with the current tenant on a month-to-month arrangement, providing an added benefit of instant income while future plans are devised.
Strategically positioned within the South-East metropolitan Melbourne corridor, the property is conveniently accessible via major routes like Dandenong Road, Nepean Hwy, and the Monash Freeway (M1). Notably, it stands just 1.4km* away from Elsternwick Train Station, enhancing its connectivity and attractiveness to potential buyers and investors.
Property Features:
• Total land area | 212m2*
• Combined building area | 115m2*
• Including retail area | 35m2*
• Rear access via R.O.W.
• Development Upside (STCA)
• Tightly held Caulfield South Retail Precinct
• Shop & residence separately metered
• Residence and retail areas on a month to month basis
• Serviced by major arterial roads including Dandenong Road, Nepean Hwy and the Monash Freeway (M1)
• Only minutes from Elsternwick train station
• Commercial 1 Zone (C1Z)
For further information and private inspection of the property, please contact one of the exclusive marketing agents below:
George Kelepouris | 0425 798 677
George Ganavas | 0478 634 562
*All areas and figures approx only. All boundaries are indicative only. All precaution has been taken to establish the accuracy of all information but does not constitute any representation by the Vendor or Agents.
Property History for 634 Glen Huntly Rd, Caulfield South, VIC 3162
- 01 Mar 2024Sold for $715,000
- 30 Oct 2023Listed for Sale Auction Online ($700,000 - $770,000)
- 16 Mar 2021Listed for Sale Price Upon Application
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0About Caulfield South 3162
The size of Caulfield South is approximately 3.3 square kilometres. It has 3 parks covering nearly 4.9% of total area. The population of Caulfield South in 2011 was 11,270 people. By 2016 the population was 11,858 showing a population growth of 5.2% in the area during that time. The predominant age group in Caulfield South is 40-49 years. Households in Caulfield South are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Caulfield South work in a professional occupation. In 2011, 70.2% of the homes in Caulfield South were owner-occupied compared with 69.6% in 2016.
Caulfield South has 6,072 properties. Over the last 5 years, Houses in Caulfield South have seen a 26.80% increase in median value, while Units have seen a 13.48% increase. As at 31 July 2024:
- The median value for Houses in Caulfield South is $1,865,722 while the median value for Units is $826,180.
- Houses have a median rent of $830 while Units have a median rent of $650.
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